PNM Declares Preferred Dividend

ALBUQUERQUE, N.M., Dec. 7, 2017 /PRNewswire/ -- The Board of Directors of PNM, a subsidiary of PNM Resources (NYSE: PNM), has declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2018, to shareholders of record at the close of business January 2, 2018.

Background:PNM Resources (NYSE: PNM) is an energy holding company based in Albuquerque, N.M., with 2016 consolidated operating revenues of $1.4 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,791 megawatts of generation capacity and provides electricity to more than 767,000 homes and businesses in New Mexico and Texas. For more information, visit the company's website at www.PNMResources.com.

CONTACTS:

Analysts

Media

Jimmie Blotter

Pahl Shipley

(505) 241-2227

(505) 241-2782

SOURCE PNM Resources, Inc.

These press releases may also interest you

Good news for those looking for a convenient and healthy, home delivered, prepared meal service; TOP CHEF MEALS announced today the expansion of its delivery area to now include 48 states of the United States.
TOP CHEF MEALS freshly prepares and...

VantagePoint Software, using patented Artificial Intelligence technology to predict stock market trends and trend changes made the official announcement today that traders can now use the software to forecast Cryptocurrencies.
As a result of the...

Further to its news release dated December 13, 2017, Siyata Mobile Inc. (the "Company" or "Siyata") is pleased to announce that it has increased the size of its previously announced brokered private placement financing from CDN$3,000,000.00 to...

Boulevard Acquisition Corp II ("Boulevard") and Estre Ambiental S.A. ("Estre") today jointly announced a number of developments which, taken together, are expected to facilitate the closing of the previously announced business combination...

viiz communications, a leader in voice and platform services for the telecommunications industry, yesterday hosted the grand opening of its new call center in Anniston, AL. viiz has created 75 new local jobs at this center, and they expect to double...

For some people, defaulting on their federal student loans may feel inevitable. For others, it may be a choice. While that choice may be fruitful (though still not advised) in other industries when bankruptcy or settlement becomes an option,...